adjustment

Question no. 2: Unadjusted trial balance of Asad Company on December 31, 2018 is as under: DEBIT CREDIT Cash Rs. 500 Office supplies expense 1,000 Merchandise inventory 17,000 Furniture 26,000 Allowance for depreciation 7,000 Account payable 1,100 Capital, Asad 20,000 Purchase 120,000 Sales revenue 171,900 Rent expense 16,400 Salaries expense 18,000 Prepaid advertising 1,100 2,00,000 200,000 Data for adjustment on December 31, 2018: (i) Office supplies unused Rs. 200. (ii) Current year depreciation on furniture Rs. 2,600. (iii) Prepaid advertising expired by Rs. 900. (iv) Actual rent expense for the year Rs. 12,000. (v) Merchandise inventory is valued Rs. 15,000. (vi) Salaries of Rs. 2,000 were payable